30 Cities with the Highest Number of Veterans in the US

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In this article, we will take a look at the 30 cities with the highest number of veterans in the US. If you want to skip our discussion on trends in the veteran population, you can go directly to the 5 Cities with the Highest Number of Veterans in the US.

Veterans are individuals who have served on active duty in the armed forces, including the Army, Navy, Air Force, Marine Corps, and Coast Guard. The duration of active-duty service is not taken into account.

Over time, the population of veterans who served in World War II, the Korean War, and the Vietnam War has been steadily declining, nearly halving since 2010. In the fiscal year 2022, the US Government's Department of Veterans Affairs (VA) allocated over $266 billion towards various services such as pay, pensions, healthcare, and education for US veterans. This accounted for approximately 4.3% of federal spending. Furthermore, about 5.9 million families received disability pay.

Research indicates that veterans face disparities in employment rates and have lower labor force participation compared to non-veterans. A study that compared a group of veterans to a similar non-veteran group revealed that veterans had a 4% lower employment rate and earned approximately 12% less than non-veterans. Moreover, veterans are 22% more likely to be unemployed compared to non-veterans.

However, veteran-owned businesses are an important part of the US economy. There are around 2.5 million veteran-owned businesses in the US, accounting for 9.1% of all US businesses. These businesses collectively generate more than $1 trillion in revenue and provide employment to 6 million Americans. Many companies actively seek to hire veterans due to their military training, strong work ethic, and ability to work in teams. Well-known companies such as Boeing Co (NYSE:BA), Duke Energy Corporation (NYSE:DUK), and Steel Dynamics Inc (NASDAQ:STLD) are committed to employing veterans and supporting veteran initiatives.

Boeing Co (NYSE:BA) is a global corporation specializing in commercial airplanes, defense products, and space systems. It was listed in Forbes' 2022 list of America's Best Employers for Veterans and continues to invest in veteran talent through engagement efforts. Similarly, Steel Dynamics Inc, a prominent steel producer based in Fort Wayne, Indiana, was listed in Forbes' 2023 list of America's Best Employers for Veterans. The company actively recruits veterans as part of its workforce.

Meanwhile, Duke Energy Corporation (NYSE:DUK) is a leading electric power and natural gas holding company serving seven states in the Southeast and Midwest. The company also prioritizes veteran hiring and runs support programs to help new veteran hires integrate into the company. The company shared a financial update in its Q4 2023 earnings call: